2, RIDGEVALE LANE, GULVAL, PENZANCE, TR18 3RD - £435,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 RIDGEVALE LANE is a very large extended detached house of 209m², built sometime between 1983 and 1990. It was last sold for £435,000 in October 2019, which was around 27% above the average October 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was December 2017, where the current energy rating was D, and the potential energy rating was D.

2 RIDGEVALE LANE Sold Prices

Land registry data shows three sales for 2 RIDGEVALE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the three 2 RIDGEVALE LANE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 25 OCT	£435,000	£342,324	27% above HPI
2007 6 MAR	£315,000	£284,357	11% above HPI
2002 19 JUL	£230,000	£165,264	39% above HPI

2 RIDGEVALE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cornwall local authority area over time, sourced from the HPI. The three 2 RIDGEVALE LANE sales between July 2002 and October 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2007 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the October 2019 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

How Large is 2 RIDGEVALE LANE?

2 RIDGEVALE LANE is 209m², which includes two extensions, according to the EPC inspection conducted in December 2017. This puts it in the largest 20% of detached houses in Trevarrack, based on EPC data. The below chart shows the distribution of detached houses by size in Trevarrack, and where 2 RIDGEVALE LANE lies on this distribution: 87% of detached houses are smaller than 2 RIDGEVALE LANE, and 13% of houses are larger. Note that EPC data is not available for all properties in Trevarrack.

2 RIDGEVALE LANE: Plot and Title Map

2 RIDGEVALE LANE sits on a plot of roughly 0.239 of an acre, or 968m². The below map shows the location of 2 RIDGEVALE LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 RIDGEVALE LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 RIDGEVALE LANE?

2 RIDGEVALE LANE is located in GULVAL, in the TR18 postcode district. The below map shows the position of No. 2 on RIDGEVALE LANE.